Thesis takes over DFM as ‘expansive attitude’ takes hold
Thesis Asset Management has kicked off its growth plans with the acquisition of discretionary investment firm, Cambridge Fund Managers.
Regulation
-
-
FSCS name hijacked in Russian website fraud
Consumers have been warned to avoid a Russian website claiming to be a subsidiary of the Financial Services Compensation Scheme.
-
Major shake up of financial compensation funding in pipeline
Product providers could be forced to cough up 25% of the Financial Services Compensation Scheme (FSCS) costs currently paid by intermediaries, according to a consultation document released Monday.
-
SEC clears path to US research post-Mifid
The Securities and Exchange Commission (SEC) has announced that UK investment firms will be able to temporarily access research from the US post-Mifid II.
-
IA presses 100 UK firms to tackle shareholder concerns
The Investment Association has pressed 100 UK companies for more information on the steps they are taking to alleviate shareholder concerns.
-
FCA: We just want to be understood
The Financial Conduct Authority’s work is often “misunderstood” and is about more than forcing down costs and breaking up dominant companies, one of its directors has argued.
-
Only 25% of complaints against SJP upheld
Only a quarter (25%) of complaints made against St James’s Place Wealth Management in the first half of 2017 were upheld the Financial Conduct Authority (FCA) revealed on Monday.
-
Merrill Lynch fined £34.5m for reporting failures
Merrill Lynch has been slapped with a £34.5m fine for failing to report more than 68 million exchange traded derivative transactions over two years.
-
HMRC sets out ‘opaque’ abusive tax scheme penalties
Advisers who enable abusive tax avoidance schemes face penalties that will take into account “relevant considerations”, draft guidance from HM Revenue & Customs revealed on Friday.
-
Ex-SJP adviser jailed for gambling away £850k of client money
An appointed representative of St James’s Place has been jailed for 40 months after being found guilty of stealing and losing £844,010 from eight clients over a period of three years.
-
Most UK adults ignore investing
The vast majority of UK adults have no investments and favour holding cash savings, an inaugural survey by the Financial Conduct Authority (FCA) has found.
-
FCA warns Brussels over disrupting status quo
The UK’s financial watchdog has warned Brussels against unnecessarily disrupting the status quo of the European investment management system in the wake of Brexit.
